Goldman Sachs reduces the investment advice for Randstad from buy to sell and reduces the price target from 65 euros to 45 euros. The US bank points to the weaker macroeconomic conditions that are likely to affect the broadcaster.

According to analysts from Goldman Sachs, organic growth at Randstad is expected to slow down further. In Europe in particular, economic conditions are going a lot less, according to recent macro-economic data and figures about the staffing market, according to experts. The advice for the Swiss Adecco was also lowered by Goldman Sachs.

The Randstad share recorded a minus of 4.3 percent on 45.63 euros shortly after opening, making it the largest drop in the AEX index.

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